Motel Details

Property Description

Under Offer

North Coast - Freehold

$2,950,000.00

Listing No: 01459FH



Description:Ballina-Stylish Boutique Motel located on the far north coast of New South Wales. This attractive, owner operated motel features 13 roomy, well-appointed all ground floor units along with a spacious modern four bedroom residence and is an Oasis on the beautiful north coast. Current owners have completed refurbishing the motel units suppling a fresh, appealing presentation for their guests to enjoy, resulting in further trade growth which is reflected in the ever-increasing turnover and with strong forward bookings in place shows this income trend should continue. INSPECTION WILL REVEAL THE QUALITY OF THIS PROPERTY. Presentation; Location - this is the perfect purchase opportunity to operate your own business and enjoy all that the north coast environment has to offer

Number of Rooms: 13

Construction:Brick & Tile

AAA Rating: 4.0

Year Built: 1989



Residence: Adjoining reception, spacious four bedroom residence with three bathrooms, air-conditioned; Shared kitchen; Storeroom and Private balcony. Also includes private yard and double lock up garage with workshop

Restaurant:No but in walking distance

Services:Bbq; Pool(salt); Guest Laundry Meals: Breakfast to units



Figures:

2016 Turnover: $500,000.00

NOP: -

NAR: -


2015 Turnover: $451,000.00

NOP: -

NAR: -


2014 Turnover: $383,000.00

NOP: -

NAR: -

 

 

(NAR : "Net After Rent"       NOP: "Net Operating Profit")

Last Updated: 15 June 2018


Contact: Steve Herington

Mobile: 0408 537 028









Disclaimer: Every effort has been made to provide accurate information as possible. However, New South Wales Motel Brokers is not responsible for misstatement of facts, errors or omissions. It is recommended that a purchaser to rely on his or her own enquiries.

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